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Automobile Prices in Market Equilibrium: Part I and II / Steven Berry, James Levinsohn, Ariel Pakes.
- Format:
- Book
- Author/Creator:
- Berry, Steven.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w4264.
- NBER working paper series no. w4264
- Language:
- English
- Subjects (All):
- Automobile industry and trade.
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Automobile Prices in Market Equilibrium
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1993.
- Cambridge, Mass : National Bureau of Economic Research, 1993.
- Summary:
- This paper develops new techniques for empirically analyzing demand and supply in differentiated products markets and then applies these techniques to analyze equilibrium in the U.S. automobile industry. Our primary goal is to present a framework which enables one to obtain estimates of demand and cost parameters for a broad class of oligopolistic differentiated products markets. These estimates can be obtained using only widely available product-level and aggregate consumer-level data, and they are consistent with a structural model of equilibrium in an oligopolistic industry. When we apply the techniques developed here to the U.S. automobile market. we obtain cost and demand parameters for (essentially) all models marketed over a twenty year period.
- Notes:
- Print version record
- January 1993.
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